The Trump administration's proposed Strategic Bitcoin Reserve has encountered an internal obstacle, with two federal departments competing for oversight of the initiative amid unresolved questions over legal authority, according to a Bloomberg report.
Compass Pathways (NASDAQ:CMPS) announced Phase 3 clinical trial results demonstrating that its proprietary synthetic psilocybin compound, COMP360, provides durable therapeutic relief for treatment-resistant depression.
Equifax (NYSE:EFX) agreed to acquire Círculo de Crédito, a Mexico-based credit bureau, in a transaction valued at an enterprise value of $750 million and a purchase price of $825 million.
Getty Images (NYSE:GETY) officially terminated its proposed corporate merger agreement with Shutterstock (NYSE:SSTK) following antitrust regulatory complications.
Alterity Therapeutics (NASDAQ:ATHE) announced it received official End-of-Phase-2 meeting minutes from the FDA confirming the registrational design pathways for its neurodegenerative drug candidate ATH434.
Planet Labs (NYSE:PL) announced the successful launch of Pelican-11, a technology demonstration satellite designed to support the development of its second-generation Pelican high-resolution imaging fleet.
Lockheed Martin (NYSE:LMT) and NATO allies, including the United States, Germany, the Netherlands, Poland, and Sweden, agreed to explore establishing a dedicated PAC-3 missile maintenance facility in Europe.
Meta Platforms (NASDAQ:META) said in a court filing that four U.S. states are seeking as much as $1.4 trillion in penalties over allegations that Facebook and Instagram were designed to encourage excessive use among young users and that the company misled the public about platform safety.
Smartphone sales in China fell 13% year over year during the month-long 618 shopping festival as higher memory costs pressured pricing and reduced promotional activity.
BP (NYSE:BP) announced it agreed to sell its entire 37.212% non-operated working interest in the Bay du Nord offshore oil development project to Norwegian energy operator Equinor.
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